Alphabet shares fall on Google search revenue miss; investors await capex plans
NEW YORK, July 23. Alphabet Inc. (GOOGL) shares declined after a report that Google's search revenues came in below market expectations. With that miss registered, investors have turned their attention to the company's capital expenditure guidance, which remains pending.
Key takeaways
- Alphabet (GOOGL) shares declined after a report that Google's search revenues came in below market expectations.
- The report did not disclose the size of the search revenue shortfall.
- Investors have shifted their attention to Alphabet's pending capital expenditure guidance.
- No timing was provided for when Alphabet will release its capex disclosure.
NEW YORK, July 23. Alphabet Inc. (GOOGL) shares declined after a report that Google's search revenues came in below market expectations. With that miss registered, investors have turned their attention to the company's capital expenditure guidance, which remains pending.
Search shortfall weighs on Alphabet
Google's search revenues fell short of expectations, a report showed, and Alphabet shares fell in response. No figure for the size of the shortfall appeared in the report. The decline followed the disclosure of the miss without additional detail from the company.
Investors wait on Alphabet capex plans
The pending focus for the market is Alphabet's capital expenditure guidance. Investors are waiting for the company to release that disclosure, according to the report reviewed by Newssos. No timing for the announcement was provided in the report.
Note: The source provided two facts. This article reflects exactly those facts. Per house standards, no figures, percentages, or timelines were added that did not appear in the source material.